Hedge Funds See $5.2 Billion in Inflows in October, Reversing Course from September’s Redemptions, According to Backstop BarclayHedge
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FAIRFIELD, Iowa (PRWEB)
December 21, 2020
The hedge fund industry returned to monthly inflows in October, bringing in $5.2 billion in new assets for the month. The industry had experienced $2.8 billion in redemptions in September.
October’s inflows represented 0.2% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
Coupled with an $11.9 billion monthly trading loss, total industry assets stood at nearly $3.41 trillion as October ended, up from $3.38 trillion at the end of September.
Data from 6,900 funds (excluding CTAs) in the BarclayHedge database showed Fixed Income funds leading the way among sectors that added to assets during the month, bringing in $3.8 billion. Sector Specific funds posted $3.5 billion in inflows.